The Bitcoin market is showing positive indicators as the price ticker for BTC has dropped to €22,306. This drop marks the fourth time this week that the cryptocurrency has hit a significant indicator, leading to hopes of a new high. The Dollar Cost Average (DCA) indicator, a long-term metric for Bitcoin, is also turning green, indicating a fast-paced bull market according to crypto analyst Mohit Sorout.
This is only the fourth time that the DCA Indicator has reached current highs in Bitcoin’s history, with each previous instance being followed by a significant price movement. Sorout notes that this development is “the mother of all positive signs for Bitcoin” and is being noticed by influential crypto investors.